DALLAS, March 6, 2017 /PRNewswire/ -- Milestone Aviation
Group Limited ("Milestone"), the global leader in helicopter leasing, announced today that it has leased a Leonardo AW169 to
HeliKorea to accelerate its expansion into Emergency Medical Services (EMS) operations in South
Korea. The helicopter was sourced from Milestone's order book with the manufacturer.
"We are excited to begin this new partnership with HeliKorea, as we reinforce our industry-leading support for operators
conducting live-saving missions around the world," said Milestone President and CEO, Daniel
Rosenthal. "HeliKorea has become the largest helicopter operator in South Korea by
providing highly skilled and reliable service to meet diverse needs, and we are very pleased that they trusted Milestone to
arrange their first commercial lease."
"HeliKorea has built a strong track record in serving military, parapublic, and commercial needs, and our expansion into EMS
operations and this partnership with Milestone marks an exciting new chapter for our company," said HeliKorea's President,
Kyong Jo Min. "Milestone understands our business, and their expertise and considerable knowledge
of the EMS industry made them the ideal partner for our first lease. We are confident that this new area provides us with
significant opportunities for growth, and with Milestone's personalized support, we were able to create the optimal fleet to
provide the best service possible to Korea's National Medical Center."
Notes to Editors:
About Milestone Aviation Group
Milestone Aviation Group, a GE Capital Aviation Services company, is the world's leading helicopter leasing and
financing company. Milestone has a fleet of helicopters worth over US $4.0 billion plus debt
commitments of approximately $400 million. The company has a forward order book of firm and option
aircraft with an estimated aggregate purchase price in excess of US $3 billion. Milestone partners
with helicopter operators worldwide, providing a wide array of financial and productivity solutions, including operating leases,
purchase/leasebacks, secured debt financing, engine leasing and fleet advisory. The company supports over 35 customers in more
than 30 countries serving a variety of industries, including offshore oil and gas, search and rescue, emergency medical services,
police surveillance, mining and other utility missions. www.milestoneaviation.com
About GE Capital Aviation Services (GECAS)
GECAS is a world leader in aviation leasing and financing with 50 years of experience. The GECAS portfolio comprises a
wide range of aircraft types including narrowbodies, widebodies, regional jets, turboprops, freighters and helicopters. GECAS
offers multiple financing products and services including operating leases, purchase/leasebacks, secured debt financing, capital
markets, engine leasing, airframe parts management and airport/airline consulting. GECAS owns or services a fleet of over
1,950 aircraft (~1,700 fixed wing/ ~250 rotary wing) in operation or on order, plus provides loans collateralized on an
additional ~400 aircraft. GECAS serves ~ 270 customers in over 75 countries from a network of 25 offices. www.gecas.com
GE (NYSE: GE) is the world's Digital Industrial Company, transforming industry with software-defined machines and solutions
that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through
which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels
innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better
outcomes for customers by speaking the language of industry. www.ge.com
About HeliKorea Co., Ltd.
HeliKorea Co., Ltd. is Korea's leading helicopter services company. HeliKorea's helicopter fleet, the largest in
Korea, ranges from medium to heavy helicopters, utilized in a variety of industries, including firefighting, cargo and VIP
transport, emergency medical services, offshore oil and gas, search and rescue, and utility missions. Founded in 1996, the
company owns, operates and leases helicopters, and employs highly skilled professionals at its state-of-the-art facility and
headquarters in Daejeon and its management office in Seoul. HeliKorea looks to expand its
services globally, successfully having worked with customers overseas, including Chinese federal, state and city government
entities. www.helikorea.co.kr
Media Contact for Milestone:
Nathan Riggs
of Kekst and Company
+1-212-521-4804
nathan-riggs@kekst.com
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SOURCE Milestone Aviation Group